firm operated at 80% of capacity for the past year, during which fixed costs were $201,000, variable costs were 61% of sales, and sales were $919,000. Operating profit was a.$358,410 b.$157,410 c.$125,928 d.$560,590

firm operated at 80% of capacity for the past year, during which fixed costs were $201,000, variable costs were 61% of sales, and sales were $919,000. Operating profit was a.$358,410 b.$157,410 c.$125,928 d.$560,590

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A firm operated at 80% of capacity for the past year, during which fixed costs were $201,000, variable costs were 61% of sales, and sales were $919,000. Operating profit was

a.$358,410

b.$157,410

c.$125,928

d.$560,590

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